Skip to main content

About your Search

20121201
20121231
STATION
CNNW 55
CNN 5
KRON (MyNetworkTV) 1
LANGUAGE
English 61
Search Results 0 to 49 of about 61 (some duplicates have been removed)
surprise in the november jobs numbers. it's a step in the right direction, but ali velshi will join me with a look at why we need to do much more. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptom
center in atlanta. thanks, nick. >>> good morning, everyone. i'm ali velshi. you're watching our special coverage of the connecticut school shooting. i'm in newtown, connecticut, about a block away from the school which is roughly behind me. a block away from the scene of the horrible massacre. here's what we know right now. in about an hour, officials are expected to start releasing the names of the victims. we've learned the names of two of the adults, the principal and a school counselor, but not the names of the children. now, that is expected to start happening at around 8:00 a.m. right where i am. right now the bodies are still inside the school. police say it's an active crime scene and that means the shooter's body is still there, as well. police say 20-year-old adam lanza was the shooter, and also say his mother's body was found inside the home they shared together about 2 1/2 miles from here. >> i'm john berman in the town square here in newtown. flags flying at half staff here all around the country to honor those lost at the elementary school shooting here in newtown, the san
, it's your money that's at stake. and who better to sort it all out than cnn's ali velshi? he's got the cliff notes. get it? >>> and from same-sex marriage to obama care, 2012 was year full of legal issues. and we've got the top ten cases. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ >>> i've had my confidence destroyed on other occasions, so i hope it's not on this occasion. >> how about time? >> well, typing is -- we're out of
situations as the primary concern. >>> coming up on "starting point" ali velshi will talk with the gun trainer you just saw, and a special education teacher who took that class. >>> the nra is saying schools should decide for themselves how to protect their children. here's what nra president david keen told carol costello yesterday. >> when wayne la pierre spoke about a week ago, he suggested that what has to happen and what should happen in every school district administrators, teachers, parents, should sit down and ask what is needed to protect the children in that school. some of them will want police officers there. others will want private security guards. there may be some places where they want volunteers to do it. we're willing to work with everybody on those questions. >> it's a much softer stance than just one week ago. here's what the nra's executive vp said back then. >> i call on congress today to act immediately to appropriate whatever is necessary to put armed police officers in every single school in this nation. >> at the time, wayne lapierre said armed officers were
, i'm ali velshi and you are watching cnn special coverage of the connecticut school shooting live as i say from pennsylvania. it is one of the deadliest shooting rampages in u.s. history. all morning, we'll bring you updates on the victims and the investigation. we now know the name of the newtown shooter. we'll dig in on what was behind his monstrous act and a second crime scene tied to the first. what investigators found when they went to the suspected gunman's house. >>> i'm here in newtown, pennsylvania. behind me some distance is the school at which this tragic shooting took place. we have this story covered from all angles. i want to bring in my colleague john berman in newtown, in the town square. john, bring us up to speed on what we've seen since yesterday evening. >> hey, ali, i'm standing in front of the st. rose of lima church where last night there was an emotional vigil with about 1,000 people here. residents poured in for the 26 victims of this tragic attack. of course, 20 children were killed, six adults, all at the elementary school. and we're learning more about
headquarters in atlanta. ja and i'm ali velshi at cnn in new york. >> our nation is perched on the edge of the fiscal cliff and we're keeping a close eye on negotiations. >> we're going to spell out what the talks could mean to you and if lawmakers fail to reach a deal what the fallout will be for you and your wallet. you're looking at pretty pictures of capitol hill. i don't know if the scene is pretty but the pictures are. >> the lights are on, the question is, is anybody home? what seems to be a bitter stalemate between democrats and republicans on the fiscal cliff, we have learned of a bit of change this evening with the negotiations. for one, we have learned that the senate will reconvene tomorrow at 11:00 a.m. that means no decision tonight. we have also learned senator mitch mcconnell, the republican minority leader, has had conversations directly with vice president biden. mcconnell had been working with senate majority leader harry reid, but he and biden have gotten things done when working together in the past. can they do it now? let's go to dana bash. dana, what do you think
. one of the best in the business, ali velshi, is kind enough to grace us with your presence. >> those are great questions. great to know what people want to know. >> there were so many. let me get some of the highlights. lisa asks how does this affect the extension of unemployment benefits which expire december 31. >> this is awful. this is the worst part about it. unemployment benefits are traditionally 26 weeks provided by your state. when the financial crisis hit, the federal government added extra weeks to that so you could get either 79 or 99 weeks. the average length of time that you're unemployed right now is about 40 weeks. but as of december 31, the federal extension will end which means you will then only qualify for the 26 weeks. if you're in the federal extension, you're getting it, it ends. and then there after, you can only get your 26 weeks from the state. there is discussion about extending it and it's a tough one. that's a political football. >> i don't know if i'm pronounce this name right, but the question is i was hoping to buy a house after the new year. if we fal
from newtown, connecticut. and i want to bring in my colleague, ali velshi. hey, ali. >> reporter: john, it's a sad morning and will get sadder in a few moments. just a few moments from where we are standing, a press conference is about to begin where they are going to release the names, we think, of many of the people killed. david arioso of cnn was one of the first on the scene. david went to the firehouse you keep hearing references to where parents were thinking they were going to meet their kids. david, what happened yesterday? >> well, between the early morning hours, parents would file towards this firehouse and would basically try to get a sense of whether or not their kids, their loved ones were alive. toward the early part of the morning, you would see parents walking out teary eyed, shaken, but with their children. as the day progressed, you would see parents walking in pairs, walking with state troopers or fireman without a child m. of the parents were besides themselves with grief. it is just one of those things that you can't put into words so much. that fire station that
we're getting news on the side of the republicans. ali velshi, chief business correspondent, let me bring you in. the first major difference, let's be crystal clear and run through this proposition, the fact that they want to extend the bush era tax cuts for everybody. >> right. something that some 67% of americans said that they don't agree with, something the white house says is a nonstarter. however, they have put a proposal forward. i suppose if you're negotiating, you don't put first proposal forward, the one you're going to end up with. this is from house speaker john boehner in a 2 1/2 page letter to the president, it proposes $2.2 trillion in cuts. and let me show you how they get there. $800 billion in tax reform. that is closing loopholes and credits. $600 billion in health care and medicare changes. $300 billion in other mandatory savings. $300 billion in discretionary savings. that's things that are not mandatory. these are the big birds and the amtraks and the mortgage credits, whatever, things like that. $200 billion in revised requirements for programs, that's the cpi
christine romans and ali velshi. >> number ten, apple, the first year without steve jobs and the company is trying to prove under a new ceo that it can still invent things we didn't even know we would wee needed that we would buy faster than anything's been sold in personal technology before. >>> number nine, the u.s. stock market. despite all those worries about the fiscal cliff and maybe slower growth in the u.s. economy, the stock market has had a great year. too bad you missed out. smart money's been on the market. the rest of us have been worried about the fiscal cliff. >> number eight, facebook's ipo. hundreds of millions of people like facebook, but investors did not on its first day as a public company. trading glitches at the nasdaq and questions about the company's ability to make money on mobile users pummeled the stock, which has yet to climb its way back to its ipo price. >> number seven, mother meyer. the new ceo of yahoo! who announced she was just going to take a two-week maternity leave as she tried to turn this company around. 37 years old, it looks like a mother's touc
is covering the urgent talks in washington. ali velshi gives us the bottom li line. and alison kosik is on wall street watching how worried investors are reacting this hour. dana, we want to begin with you. we are hearing there might have been some progress overnight. >> a lot more optimism being expressed from sources in both parties. mitch mcconnell who the prime negotiator on the republican side just moments ago told reporters he spoke to the vice president, who is the prime negotiator now on the democrat side. so not totally all night, but they were up pretty late and early into the morning going back and forth making what again several sources say was significant progress. again, hate to say it, i have seen that movie before. i know you have too in covering similar negotiations like this. this is really, really been a roller coaster with people feeling optimistic and suddenly we hear things hit a snag. as you said, 14 hours to go. there's nothing like a deadline that really pushes congress to do something. >> and dana, one of the sticking points you have been talking about so mu
. >> i'm ali velshi at cnn in new york. >> it is you and me tonight, ali. with the nation perched on the edge of the fiscal cliff we are keeping a close watch on events to prevent an economic disaster. >> we hope. we will spell it out what those talks mean to all of you watching. and if they fail to reach a deal what it means for you, the economy and your wallet. >> thank you, ali. no news is good news and fiscal cliff talks are at a standstill with neither side wanting to give ground at this point. >> trying to find a lining around that cloud, if there is one, and democrats and republicans are still talking. they are still trying to reach a deal to stop the spending cuts and tax hikes that are likely or possible to push our economy back into the recession if we go over the fiscal cliff. >> but ali, neither side is budging much. you have been reporting on it for the last couple of hours. friday though, president obama said that he was optimistic that the two sides could reach a deal. this morning, he sounded less positive though. >> if, you know, if people start seeing that on jan
're also learning more about the family of the shooter, adam lanza. cnn's ali velshi has been talking to neighbors, people who knew this 20-year-old. he's joining us now. ali, what are you hearing? >> reporter: wolf, more questions come out every time we try and find more information. you can't see the house, it's behind me, behind that police car you see. that's cordoned off, still a crime scene. police say they have found it quite fruitful what they have found in here. what we know about nancy lanza, she lived alone with adam lanza. the family lived alone since 1998, the whole family, nancy lanza, the husband peter lanza, the son ryan, 24 years old, and adam, who was 20 years old. what happened is peter lanza left the house at some point a few years ago when they divorced. he doesn't live here anymore. ryan lanza, who is 24 years old, went off to work. he lived in hoboken, new jersey. we saw he was taken in for questioning yesterday. that left adam and nancy back here. nancy lanza worked in finance in boston and here in connecticut for some years. but recently she has left work. we
. >> and here we go. ali velshi, who ever thought this was going to be the socialism of the business world. but there we saw him in his true colors. the truth of the matter is as one famous judge in britain once said, it is every man's duty to avoid paying taxes. it is no man's duty, no man's duty to evade paying them. and that is the threshold upon which we seek. however, bearing in mind there are deficits that have to be covered. and there are spending that has to be reached. and in that environment, there is no other alternative but for higher taxes. do you think europeans like paying 40%, 50% taxes? but the alternative is not nearly so pleasant. i've just been to iceland, high taxes, high rate of living. and an economy that is actually recovering better than anywhere else from the financial crisis. so ali velshi, do taxes have to rise? yes, in the united states. >> i think we're agreed on this. richard, always my pleasure to see from you across the pond. richard quest. let's talk about where the taxes sometimes go. infrastructure, superstorm sandy caused overwhelming devastation and ex
-discussed concept of increasing tax rates for the top 2%. chief business correspondent ali velshi joins me now. help us cut through the spin. the partisans all have a different take on this. if you raise taxes on the top 2%, what's the impact? what does it look like and how much of an impact would it have on the deficit? >> well, let's look at it in two ways. one is income tax, right? right now, the highest earners, those households that earn more than a quarter million dollars a year, pay a higher tax rate on the marginal amount, the amount above the $250,000 a year. so we're talking about taking that rate from 36% to 39.6% if we even go there. that hasn't even been negotiated yet but that's 3.6% on every dollar you earn above $250,000. there are not a lot of studies that suggest that that would have catastrophic effects on the economy. the other area that democrats want to raise taxes are on investment income, things like capital gains, dividend income. now, those will jump significantly. here's the thing. very few of these benefits affect middle class workers. it does affect the higher income ear
chief correspondent ali velshi. >> alison, i have no idea whether we'll get a fiscal cliff deal done or not. i do have a pretty good idea as to how we got into this gigantic pickle in the first place. >> now we've passed a bold package of tax relief for america's families and businesses. >> it starts when then president george w. bush initiated a series of tax cuts for all americans, but it's a deal with the devil. the cuts, which are politically expedient, but costly to government expire in ten years time. >> both houses of congress have now passed a package of tax relief that will protect the middle class. >> when it came time for the cuts to expire, the u.s. is just emerging from the worst recession since the great depression. so president obama agreed to extend the tax cuts for two more years in exchange for congress extending federal emergency unemployment benefits. those cuts are expensive. if they're extended by 2020, the bush-era tax cuts will be responsible for more than half the total national debt. democrats insist that taxes go up for the wealthy but stay in place permane
're probably asking how did we get in this mess? cnn's ali velshi breaks it down for us. >> now we have passed a bold package of tax relief for america's families and businesses. >> reporter: it starts more than a decade ago, when then president george w. bush initiated a series of tax cuts for all americans. but it's a deal with a devil. the cuts, which are politically expedient but costly to government, expire in ten years' time. >> both houses of congress have now passed a package of tax relief that will protect the middle class. >> reporter: when it came time for the cuts to expire, the u.s. is just emerging from the worst recession since the great depression. so president obama agreed to extend the tax cuts for two more years in exchange for congress extending federal emergency unemployment benefits. those cuts are expensive. if they're extended, by 2020, the bush-era tax cuts will be responsible for more than half the total national debt. democrats insist that taxes go up for the wealthy but stay in place permanently for those earning less than $250,000 a year. >> we need to stop the job
from the republican side of things. we will hear from the democrats later. >>> bring in ali velshi, we want the financial perspective on all of this won't be long before the markets are open and reacting and i guess that's maybe where rill begin ali, i know only a half day of trading. >>> it is going to be a full day of trading tomorrow but the last day of trading of the year so the problem is, a lot of people just don't want to be involved in a market where they don't know which way things are going, which is why you saw, martin, you saw on friday, some selling on the market a lot of people just didn't -- rather be in cash or something a little more nimble not knowing what's going to happen. you know, just listening to the conversation with dana and john thune it is fascinating to me because the sophistication of the discussion that they are having about these financial matters is very interesting. you may really hate the concept of chanined cpi, martin. some people do a lot of tweets about that today. cpi, inflation is how they increase and decrease benefits, like social security, in
. lisa, don't go anywhere. do we have ali velshi? is ali velshi there? ali? you have more coming up, i know. >> i do. i want to tell you about -- >> help me out here. they're not that far apart, are they? >> this is all politics. they're not that far apart. all the hard work has been done. and the danger of not getting a deal done far exceeds the danger of paying a little extra tax. i'll talk to you about that when i come back, don. >> see you after the break. >> all right. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. >>> from the cnn money newsroom in new york, i'm ali velshi. this is your money. the fiscal cliff is a battle of ideological wills. some americans feel strongly
to our international viewers joining us from around the world. i'm ali velshi, you're watching cnn's special coverage of the connecticut school shooting. we are live in newtown, connecticut. here's what we know this morning about what happened at sandy hook elementary school. in about 30 minutes we expect authorities to hold a news conference right where i am and release the identities of the victims. police say 20 children between the ages of 5 and 10 were killed as well as six adults at the school including the principal and psychologist. sources say adam lanza was armed with three guns, two on him, one found in a car nearby. police say he got the guns from his mother who owned them. she was licensed to have them. she was found dead in her home about 2 1/2 miles from where i am now. every new detail helped paint a picture of a horrifying tragedy. cnn's anderson cooper explains how it unfolded moment by moment. >> all units, the individual i have on the phone is continuing to hear what he believes to be gun shots. >> reporter: the first word was chilling. it only got worse. >> the
doctor about celebrex. for a body in motion. >>> from the cnn money new rooms in new york, i'm ali velshi. this is your money. first up, we go from money menu to the dollar menu. a lot of you seem to be doing that as mcdonalds nationwide saw a surprising sales surge of 2.5% last month compared to the same time last year. sales had been flat earlier this year. mcdonald's stock is up more than 1% today. time for a fiscal cliff update for you. nothing much going on in public at least as president obama hits the road to campaign for higher tax rates on the rich. the list of pledge signers willing to consider raising taxes on the rich already includes republican senator bob corker of tennessee. not that he or the others you see here really want taxes to go up for anyone, but corker says agreeing to increases for the top 2% shifts the discussion. >> a lot of people are putting forth a theory and i actually think it has merit where you go ahead and give the president the 2% increase that he's talking about, the rate increase on the top 2%, and all of a sudden the shift goes back to entitlements.
points. that, ali velshi, is what you call a pro. second of all, you will not see cnn guests running into that problem. that's right, we do not waste our money on fancy, dangerous signs for our remote locations. all david gergen needs is some lip gloss and a lava lamp and he's good to go. that being said, cnn anchors have actually encountered some onset mishaps, and it turns out it is a global problem. [ speaking foreign language ] >> loosely translated, that was damn you, wolf blitzer. of course there are a lot of potential hazards for folks on tv. sometimes a sign falls, sometimes the lights fall and sometimes, as our friend from wsmv reminds us, even the reporter falls. >> reporter: and look, they're big. this one is about 12 pounds, but they can grow to -- [ laughing ] >> i'm telling you, never work with animals or fish. it is all fun and games until you have to pry a large-mouthed bass off gary tuchman's neck. but back to that cnbc incident. the guest was a pro, the anchor was a pro. no harm done. i just want to point out that cnbc still has a long way to go if it really wants t
happens to your paycheck? ali velshi up next to explain. ♪ ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. but they have to use special care in keeping the denture clean. dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can multiply. polident is designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. [ male announcer ] polident. cleaner, fresher, brighter every day. >>> from the cnn money newsroom in new york, i'm ali velshi with your money. the sheriff of washington was run out of time, she could come back and could have more power than ever. first, let's look at the money menu. 27 days left and washington continues to push america's economy toward a fiscal cliff. republicans offered president obama a proposal that retained the bush tax cuts for the wealthy,
.7%. compare that to october when 138,000 jobs were added. ali velshi joins us to talk about today's report. good morning, sir. was this what you expected? what happened? >> month, no. not what anybody expected. which is why this is con pewsing. we are expecting the unemployment rate to go up from 7.9% to 8% and expecting 77,000 jobs created and got 146,000. here's the problem. normally -- would different surveys. unmoymt rate a they are usually done by surveys in the same week. in november, they moved up the unemployment rate survey a week earlier so that they wouldn't complicate things with thanksgiving and some people are worried that it got affected by hurricane sandy. some people weren't in their homes and didn't have power, whatever the case is. labor department says not so. but important whatever reason, there are a love people who are not sure -- not doubting the voracity of the numbers. they are just saying that there might be some statistic anomalies here. bottom line, if it is what it is, then it shows continued strengthening in the labor force. unemployment number, i have often
the american economy. ali velshi, business news, it matters to you. t a thing at all? it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. [ male announcer ] when diarrhea hits, kaopectate stops it fast. powerful liquid relief speeds to the source. fast. [ male announcer ] stop the uh-oh fast with kaopectate. >>> from the cnn money newsroom in new york, i'm ali velshi. this is your money. hsbc has to pay out billions over money launder, but escapes criminal charges. the u.s. stands to make a profit off insurance giant aig four years after a record bailout. delta takes a stake in virgin. and china is ready to overtake the u.s. sooner than you think. first, forget the fiscal cliff, because the econo
up next, ali velshi giving his take on ben bernanke's announcement a short time ago. your money next. because chevy's giving more. more efficiency with sonic and cruze... more function in equinox and traverse... more dependability with the legendary silverado... and more style in the all-new malibu. chevy's giving more at the year-end event because 'tis the season. chevy's giving more. this holiday season, get a 2013 cruze ls for around $149 per month or get $500 holiday bonus cash. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car replacement. if your car is totaled, we give you the money to buy one a model year newer. call... and ask one of our insurance experts about it today. hello?! we believe our customers do their best out there in the world, and we do everything we can to be there for them when they need us. [car alarm blaring] call now and also ask about our 24/7 support and service. call... and lock in your rate for 1
starts right now. >>> i'm ali velshi in for soledad. holiday travel horror. people soaked with snow and winds that will knock you over. the northeast getting the worst of it right now. we are tracking the storm. >>> and back to work in washington with five days to go. president obama comes back to washington to try to hammer out a deal with the senate, and we're hearing it may come down to the final minute of the year. >>> sticky gas pedals costing toyota $1 billion. the company's plan to put sudden acceleration allegations in their past and how you may we able to cash in on it even if you already sold your car. >>> a packed show ahead. congressman steven latourette of ohio, senator richard blumenthal of connecticut, plus the grinch. it's thursday, december 27th. "starting point" begins right now. >>> well, our starting point, a brutal winter storm battering the northeast and torturing holiday travelers all over the country. here it is on the radar. the system is expected to dump up to two feet of snow on central maine today. six states are under winter storm warnings, pennsylvania,
in the first place. alina chochl. >> count on me, ali velshi. good morning, a fight between world powers with agonized parents and children caught in the middle. russian president has banned u.s. families from adopting russian orphans. moscow says too many orphans have been abused by their new american parents. state department says it is willing to talk more about keeping the children safe. >>> fiscal cliff isn't the only threat to the u.s. economy. get a load of this. the container cliff. nearly 15,000 dockworkers from maryland to texas are threatening to strike, starting sunday, which could shut down more than a dozen key shipping ports and cripple commerce across the country. dock on workers are demanding higher container royalties to boost their pay. >>> did the newtown school shooter have an evil gene? scientists at the university of connecticut will study adam lanza's dna to see if a mutation or ab normality could have made him more violent? this is the first study of its kind on a mass killer. >>> jockeying started for john kerry's senate seat, even before it's vacant. massachuse
drop at the pump. ali velshi has the information. there's a health company that can help you stay that way. what's healthier than that? progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. >>> good news for holiday travelers. gas prices are plummeting, down 46 cents a gallon over the past two months it the average price of a gallon of regular gasoline is now down to $3.38 a gallon. and joining us now, our chief business correspondent ali velshi in new york. ali, what's going on with this united states iss sudden drop in the price of gasoline? >> three things. one is superstorm sandy took a lot of cars off the road. it really reduced demand for gasoline as you know. until recently there have been a number of gas stations in the northeast still without gas. people after realizing they weren't going to have as easy a time getting gas decided to make other plans it the storm itself took some roads out and took som
. let's bring in our chief business correspondent ali velshi, joining us from new york. practically speaking, i'm not sure it does have a huge impact, although technically we're going over the cliff. >> sure, technically, we are going over the cliff. people have been asking me. what it means is, if it doesn't get fixed tomorrow or in the next couple of days, we are over the cliff. the issue is, do we hit an outcropping on the way down, or can we get a parachute and get rescued? bottom line, all the effects of the physical cliff do start. the only good news is tomorrow is a federal holiday. which means a lot of the actual mechanics of what is about to happen won't happen till wednesday. one of the biggest things, wolf, is markets will not open. they will not start trading until tuesday evening, our type, 8:00 p.m. after having 517 days to not get this done, they seem to have bought themselves another day. the bottom line is, yes, we're over the cliff. technically. if we remain over the cliff 24 hours from now or 48 hours from now when markets start to open in asia, then you're going
. and an economy that is actually recovering better than anywhere else from the financial crisis. so ali velshi, do taxes have to rise? yes, in the united states. >> richard, always my pleasure to see from you across the pond. richard quest. let's talk about where the taxes sometimes go. infrastructure, superstorm sandy exposed dangerous flaws in u.s. infrastructure. coming up next, i'll tell you how investing in infrastructure will not only help get the power back on faster after the next storm but could be the key to jobs and the boom we've all been waiting for. you are watching "your money" on cnn. ♪ ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. [ male announcer ] a european-inspired suspension, but it's not from germany. ♪ a powerful, fuel-efficient engine, but it's not from japan. ♪ it's a car like no other... from a place like nother. introducing the all-w 2013hevrolet malibu, our greatest malibu ever. ♪ wanted to provide better employee benefits while balancing the company's bottom l
>>> it is 3:00 p.m. on the east coast, noon on the west coast. this is your money. i'm ali velshi, we're following breaking developments on the fiscal cliff. we welcome our viewers in the united states and around the world. there has been a major snag in the negotiations toward a fiscal cliff deal with fewer than two days remaining on the countdown clock, dana bash is on capitol hill. tell us what the main point of contention is now. >> there are few according to sources in both parties. the biggest one when it comes to the democrats, from their point of view, is the fact that republicans in an offer that they made last night included what is known as chained cpi in laymen's terms and in terms that matter to many americans, it would effectively make social security checks lower each month. >> we learned this from sources earlier. the senate majority leader, harry reid went to the senate floor and talked about the snag. list ton what he said. >> the one thing i do want to mention is that we're not going to have any social security cuts at this stage, that doesn't seem appropriate.
a deal that possibly saves it. i'm ali velshi. this is "your money," a battle of ideological wills in washington as america moves dangerously close to a fiscal cliff. >> we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. >> alas, this is how we do things now, create economic storms then look to provide an umbrella at the last possible second. we avert disaster but move no closer to solving our long-term economic problems. after a moment of spiritual clarity on friday afternoon, harry reid is working on a bipartisan deal ostensibly with his republican adversary mitch mcconnell. >> -- engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. >> well, if the senate manages to reach a compromise, the hope is that the house would follow. that's option one. the green one. option two is less certain.
's willingness to take america to the brink threatens its prosperity. i'm ali velshi. this is "your money." the latest negotiations comes down to useless symbolic moves and haggling between grown men. put bluntly, your elected officials are wasting time while the clock ticks. house speaker john boehner announced his plan b to let bush-era tax cuts expire for earners making more than a million dollars a year. and he wants to replace automatic cuts in defense spending set to start early next year with unspecified cuts elsewhere. the speaker pulled his so-called plan b for lack of support from his own party because many republicans still beholden to grover norquist and that ridiculous pledge want no compromise at all. the debate between the two sides centers around a balanced approach to the budget. republicans say president obama wants too much revenue. that's taxes in normal speak. and not enough cuts. >> at some point we have to address the spending problem we have. we can't cut our way to prosperity. we need real economic growth. many of us believe on both sides of the aisle the fundamen
. if you've had enough, ask your dermatologist about enbrel. >>> i'm ali velshi. this is your money. president obama says read my lips. there will be new taxes. but first, let's look at the money menu today. december, gift buying time. as you just heard, the stuff you're looking to buy could be stuck at sea. two of the largest shipping ports in the united states are mostly closed. the strike now in its eighth day, affects us all. as nearly 40% of imports flowing into the country are bottlenecking. the ports of los angeles and long beach, california, bring in a lot of hot ticket items that americans buy over the holidays including electronics, clothing and furniture. the national retail federation is urging president obama to step in and end the strike. in a letter to the president, the nrf says, quote, the shutdown is already having a significant negative economic impact on retailers, trying to bring in merchandise for their final push for the holiday sales and will soon have an impact on consumers. now, while i agree the strike will affect consumers eventually, we found that most o
and the "situation room" at the top of the hour. >>> ali velshi, you have an interesting interview coming up. what's on tap? >> we have a whole bunch of republicans who have signed that anti-tax pledge to grover norquist. i'm going to talk to one who is refeudiated that pledge. he thinks we have got work to do and pledges are not the business of government. when we come back on your money, i'll talk to ohio representative congressman steve latourette. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else comes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? >>> washington finally seems ready to ring in the new year with a deal that averts the fiscal cliff. it only has taken 517 days to reach this point. what a waste of time. from the cnn money newsroom in new york, i'm ali velshi. this is your money. with only hours to go, president obama says a deal between democrats
month's payment on any new volkswagen. visit vwdealer.com today. >>> from new york, i'm ali velshi. this is your money. how big should government be and what are you wailing to pay for it? there are 15 days left to avert the fiscal cliff and republicans are finally offering to increase tax rates on the wealthy. speaker boehner proposed an increase on families making a million bucks or more. the white house says it is not enough. but it is a step in the right direction. boehner was back at the white house today to talk about it some more. republicans may be bending slightly but generally oppose more revenue because they feel government already spends too much. so the question is not really about whether millionaires or those making more than $250,000 a year will pay higher rates, the real conversation boils down to the role of government. fareed zakaria were discussing my contention we should be less concerned with actual rates and be having more of a discussion about the value that americans get for their tax dollars. >> here's the problem with that. americans like government. so w
newsroom, i'm ali velshi. this is your money. you're paying less for gasoline, toyota will pay more because of another car blunder. instagram intends to make a buck off your pics and the fallout from the shooting in connecticut is hurting gun manufacturers. first, two weeks to go before the country falls over a fiscal cliff, and negotiations are picking up steam in washington with three meetings in eight days between president obama and house speaker john boehner. the president has been insisting on letting taxes rise on those making more than $250,000 a year. the top 2% of earners. boehner agreed to let taxes rise on people making a million or more a year and the president's counteroffer, raise taxes on those making more than $400,000 a year. for some perspective, the top 1% of earners in the united states make $375,000 or more a year. >> i think we all know that every income tax filer in america is going to pay a higher rate come january 1st unless congress acts. i believe it is important that we protect as many american taxpayers as we can. and our plan b would protect american taxpayers
you think at facebook.com/ali velshi, my handle is @ali velshi. we are here weekdays 3:30 p.m. eastern and sunday at 3:00. have a great weekend. -- captions by vitac -- www.vitac.com >>> today in newtown, connecticut, more sad reminders of what happened just a week ago. funerals are being held today for students emilie parker anna marquez green, joe feen gay. yesterday morning at 9:30, people paused to remember the loss. they held a moment of silence and in the town church bells rang 26 times. >>> the national rifle association is finally speaking out on the pass ker in newtown, but the group isn't addressing the idea of banning or limiting guns used to kill the students and teachers at sandy hook elementary. they say the answer is deploying armed guards at schools. >> i call on congress today to act immediately to appropriate whatever is necessary to put armed police officers in every single school in this nation. it the only that i can stops a bad guy with a gun is a good guy with a gun. >> some politicians were quick to slam their proposal. >> the nra, i would say that they were ton
the attention of cnn correspondent christine romans and chief correspondent ali velshi. >> number 10, apple, the first year without steve jobs. they still invent things we didn't know we needed that we would buy faster than anything that's been sold in personal technology than ever before. number nine, the u.s. stock market. despite all those worries about the fiscal cliff and maybe slower growth in the u.s. economy, the stock market has had a great year. too bad you missed out. the smart money's been in the market. the rest of us have been worried about the fiscal cliff. >> number eight, facebook's ipo. hundreds of millions of people like facebook but investors did not on its first day as a public company. trading glitches at the nasdaq and questions about the company's ability to make money on mobile users pummeled the stock which has yet to climb its way back to its ipo price. >> number seven, mother meyer, the new ceo of yahoo!. 37 years old. looks like a mother's touch is just exactly what yahoo! needed. >> number six, mother nature. an intense drought in the midwest that scorched the
and more likely we are going over the fiscal cliff. coming up next, forget the politics. ali velshi explains what this means for your paycheck, your taxes, your family, and your future. ak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! >>> days to go and the threat of the fiscal cliff looks like reality now. what are you going to contend with come january 1st. plan b fizzles and republica
's christine romans and ali velshi with more top 10 business countdown >> number 10-- apple. the first year without steve jobs and a company that's trying to prove under a new c-e-o that it can still invent things we didn't even know we needed that we would buy faster than anything has technology before. number nine-- the u-s stock market. despite all those worries about the fiscal cliff and maybe slower growth in the u-s economy, the stock market has had a great year. too bad you missed out. the smart money has been in the market. the rest of us have been worried about the fiscal cliff. number eight-- facebook's i-p-o. hundreds of millions of people like facebook, but investors did not on its first day as a public company. trading glitches at the nasdaq and questions about the company's ability to make money on mobile users pummeled the stock, which has yet to climb its way back to its i-p-o price. number seven-- mother mayer. the new c-e-o of yahoo, who announced that she was just going to take a two-week maternity leave as she tried to turn this company around. 37 years old, looks like a
me on facebook, tweet me, my handle @ali velshi. have an excellent weekend. >>> it is the top of the hour. welcome, everybody. you're in the "cnn newsroom." i'm deborah feyerick, in for fredricka whitfield. >> kansas city chiefs jovan belcher has committed suicide after allegedly killing his girlfriend. he allegedly shot his girlfriend multiple times at the couple's home. the paper said the two had been arguing. he then drove to a practice facility at the chiefs arrowhead stadium, woalked up to had coac and general manager, thanks them for what they had done for him, then shot himself in the head. joining us, nfl senior reporter, don banks. what do you know of this? how do you put it into perspective? >> it's a pretty unique situation in terms of nfl history. i think this is really the first time we have ever had this situation where a double murder and a player committing suicide the day before a game is scheduled in that stadium in that city. it's a tragedy. i think the nfl is little bit working without a map because they never had a situation quite this immediate to deal wi
is a business professor at the university of maryland, and our own chief business xhnt ali velshi. you wrote something, an article here, predicting that these tax hikes, the spending cuts likely in the debt deal, could push unemployment, you believe, from 7.9% all the way to 10%. how so? >> well, simply it will cut spending in the economy. the wealthy will have less money to spend, but the government will likely be spending a lot less money as well because the republicans are going to want spending cuts. you combine, say, about $250 billion in spending and tax cuts. that will probably cut gdp with the usual multiplier efforts of two percentage points. that's enough to raisen employment by a couple of percentage points. it's serious business. >> ali, what do you think? >> yeah. well, look, i think peter is right. the spending cuts that would be imposed by the fiscal cliff would be devastating. it would send unemployment higher. it would cost jobs. the republicans, as peter says, are going to insist on some cuts anyway, so bottom line is we are going to see a weaker economy into the beginning
Search Results 0 to 49 of about 61 (some duplicates have been removed)